🤔 Even before any actual sales activity had taken place, ORIEL$CO. reported general and administrative expenses totaling US$211,786 for the year ended December 31, 2025; this was primarily attributableto compensation accrued to Mr. Ori Rechtman, Chairman of the Board of Directors and Chief Executive Officer.
Mr. Orie Rechtman agreed and signed a compensation package with the Company. The compensation agreement is for a period of five years at a salary of $12,000 per month. If any amount is due and unpaid under this agreement that amount will accrue interest at the rate of 5% per annum due and payable within five years of the date it became due. In addition to this compensation various expenses are paid by the company and are a part of Mr. Rechtman’s compensation, including auto expense, life insurance and health insurance costs.